Comment by sokoloff

I’m in favor of market forces in both cases.

Show me a way that LVT can applied referencing open market transactions for unimproved land in a developed area and I’m interested to learn more about it.

Grandma can decide to sell her house on the market if the property taxes get too high. That’s good. She shouldn’t be able to be targeted by the city for her land value alone increasing despite no or weak supporting comps.

LVT is theoretically good. My problems with it are practical ones.